Columbia Floating Rate had been run by Lynn Hopton and Yvonne Stevens since its inception in 2006. Their departure at the end of March 2018 was followed by the retirement of a longtime comanager and head of the team less than a year later and the change of lead manager at the end of 2020. That supports a Morningstar Analyst Rating of Neutral across most share classes, though its expensive C share class earns a Negative rating.
Columbia Floating Rate Inst CFRZX
NAV / 1-Day Return
35.22
/
0.01
%
Total Assets
639.3 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.780%
Expense Ratio
0.780%
Fee Level
Above Average
Longest Manager Tenure
2.05
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
2,000
Status
Open
TTM Yield
3.57%
Effective Duration
0.33
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CFRZX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFRZX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CFRZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CFRZX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Flux in the team weighs on our confidence level.
